Category Archives: Rand Reviews

Rand gains momentum ahead of budget speech

Another week passes, as the Rand gains momentum! It was a week which again proved the inaccuracy of looking to events for market direction, as economists were left dumbfounded by the Rand's 'strange' moves... ...when in fact, they were almost exactly as per Elliott Wave Forecasts. This was despite what should have been momentum against…

New Finance Minister the catalyst for Rand strength

Phew, a week of action in SA politics - and the financial world! The Rand came into the week with jitters, and plenty of them. The situation with Nene was making things fairly uneasy, and I am sure everyone remembers last time the Finance Minister was fired... ...when Gordhan got dumped in February last year…

Dollar sends Rand back toward R15/$

The Dollar enjoyed a very strong week following its retracement, which left the Rand on the back foot, once again. It was probably due for the Rand, as it had had a solid three weeks... ...and it all seemed a little too good to be true (our wave count suggested we were going higher...) So,…

Volatile climate has little effect on the stronger Rand...

All too quickly, this year is already three quarters over! And, as the last quarter kicks in, the Rand has certainly got some spring back into its step after spending some weeks in the winter doldrums. This week was another for seeing Rand on top, fighting hard against the strong Dollar. It was also a…

Rand comes roaring back to win the week!

Well, what a week. Yet AGAIN, the Rand turned the tables on the Dollar. This was despite the Trade War... ...despite the volatility surrounding SARB's interest rate decision ...and petrol price hike fears ...despite the new mining charter All these things are generally Rand negative - yet somehow, it turned out to be Rand positive!…

Rand fights hard to get back below R15/$

Another week passes by, and the tables turn again... ...somehow the Rand has turned it around from being on the ropes, to rallying back below R15/$ again. It was a welcome change, with a week of good news. However, the counts of where the market was expected to head were what really mattered, and this…

Recession drives the Rand to worst level of 2018

This week was a scary one for the ruling party, and Saffers in general. The alarm bell went off: Technical Recession Headlines blared with doom and gloom, worry and despair. With the ANC just a few months off from elections, this was exactly what they did not need - along with general confusion and lack…

Rand runs out of steam...and pays for it

I guess a tough week for the Rand was always going to coming after a week of strength, where the local currency fought gamely to turn the tide back in its favour. And after a good start, when the Rand seemed to be gaining the upper hand, and pushing to test key support levels...it just…

Rand wins back the momentum and the week

Another week goes by... ...and it feels like another whirlwind went along with it. The Rand in the midst of one of it's most volatile periods in years, and it is showing no signs of stopping. This week however, was one of its most successful in some time. It wrestled back the momentum despite all…

Roller-coaster Rand manages to end below R15/$

This was a week which could not have ended a moment sooner for most... ...the Rand had a roller-coaster week of note! As most got to work on Monday morning, it would have been disheartening to see that the Rand was already at R14.50 odd, and the week had only just begun. Little did many…

Mayhem as Rand busts through R14/$!

A see-saw week (again) left the Rand on the ropes to close the week. Seemingly taking alternate turns each week, the Rand has been as volatile as ever - but just managing to hold on. This week, however, was very different. The ZAR copped it, and copped it hard. Thursday was nothing short of a…

Rand fights back late to end the week on a high

The main point of discussion for this week was always going to be the next stage of the land debate taking place... ..as on Tuesday evening, Ramaphosa came out to announce that the ANC had concluded that the Constitution of South Africa needed to be amended to explicitly allow land expropriation without compensation. This set…

A return to R13/$ as the Rand trend turns again?

Back on the Rand-positive path with a bump! After a fairly disastrous week, perhaps not something that many were expecting ...but the Rand behaved as per our charts, which showed the Rand was expected to top out and move down to the lower R13s. And that was just what we saw. It was on the…

Tough week for the Rand, with a solid finish

When it appears to be too good to be true, it normally is... ...and that is what we got this past week. A bump back to reality. A bump back to reality of real on-the-ground factors which are hurting the Rand - which need to be taken account of in the big picture, as the…

Another strong but volatile week for the Rand

The Rand has strung together another good week, despite some huge volatility... More relief for importers and consumers, with the hopes of cheaper goods and fuel. It was a see-saw week, with trade wars, positive news and negatives news... ...plenty enough to keep everyone on their toes. While we could have asked for a little…

Comeback time for the Rand!

Relief for consumers, relief for importers - the Rand finally had a solid week. The amount of volatility being experienced is still less than ideal, but when it is driving the Rand stronger, few are going to be complaining. While it benefits exporters, it is making making imports more expensive and driving up fuel, food…

More losses and little respite for the weakening ZAR

It did not take the Rand long to return back to its bad old ways... After such a good close out of last week, we saw everything come crumbling down once again, bring the USDZAR back to breaking point, testing R14 to the Dollar. So, back to square one. The Rand does not seem to…

Rand turns it around...and not a moment too soon

What a week! Another one. Huge volatility? Check Massive losses from the word go? Check Ending the week on a low note? No. Not this time round. The saving grace for the local currency was its turnaround on Wednesday. The midweek hump ending up being the turning point for the ZAR, and about time too.…

Rand and emerging markets endure tough week

Is this becoming the new norm for the Rand? It is hard to believe just a few months ago it was week after week of strengthening for the local currency, coming out of the December rush. The change of sentiment has been so stark, from the euphoria & positive emotion flooding into the market up…

GDP shock sends the Rand spiraling over R13/$ again

We keep saying it, but 2018 has been a harsh bump back to reality for everyone who is affected by the Rand... ...2017 was quiet, and the start to 2018 even quieter. And then, from February, everything has just gone a little pear-shaped, and continually more so. Let's be honest - this was a shocking…

Testimonials

"An improvement of about 18 cents on the dollar..."

"Thanks once again for the good service.

By using your forecast I was able to convert my US Dollars into Rands at the correct time and got top rate – an improvement of about 18 cents on the dollar. The last lot of money I brought in and I didn't use your forecast. It was stable around 11.30 for a few weeks so decide to bring it in. The day after it shot up to around 12. That wouldn't have happened if I had seen your forecast.

Thanks again"

Rob Wilmot
Cape Town, South Africa

"I saved at least R250,000... obviously one of the best investments of my life."

"You motivated me to transfer my foreign allowance instead of waiting for the rand to strengthen.

I am now very thankful that I did. I saved at least R250,000 by reading the rand exposé and looking at the ZAR/USD forecasts. It was obviously one of the best investments of my life.

Regards,"

Wynand Coetzer
Stellenbosch, South Africa

"If only I had listened to your prediction!!"

"I now see your point of how the markets can completely disregard fundamental events.

I would have thought the ZAR would strengthen ... but instead the market went in the opposite direction, costing me money for the time being.

If only I had listened to your prediction! It seems Elliot accounted for these bizarre movements without reason.